Between 2016 and 2021, B.C. lost nearly 100,000 rental units priced below $1,000 monthly. For every new affordable rental home built in B.C., four more are lost to investors, conversions, demolition and rent increases, and new affordable units do not compensate for the loss of existing ones. The situation is similar in every Canadian province.

Called the Rental Protection Fund, the government of B.C. created a $500 million fund to help non-profits buy affordable housing units.

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